DXY next move (waiting for the outcome to FOMC meeting)

AnupZiddi Updated   
TVC:DXY   U.S. Dollar Index
Go through the analysis carefully, and do trade accordingly,

๐Ÿ‘-The Price has broken the bullish structure. waiting for the outcome of FOMC meeting scheduled on 02.11.2022 before entering in to Sell or Buy.
๐Ÿ‘-there are little Buying opportunities as the Major Oscillators indicators are in oversold zone.

1. We are not going to take any position in DXY pair until the prices reach to support zone or Major trendline displayed in the chart.
2. if FED, on 02.11.2022, during FOMC Meeting, hikes the interest rate at least by 50BPS, then we will play Buy in this pair with TP 114.000 & 115.000
3.If FED does during FOMC does not raise the interest rate, then we will wait for the price to be consolidated on the area mentioned in chart. If price consolidated above major trendline we will place buy and if the price break major trendline we will place sell with target of 108 & 107.

Best of luck๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘
Never risk 2% of principal to follow any position.
Go through the analysis carefully, and do trade accordingly
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Trade active:
DXY BUY TARGET +250 PIPS... ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅโœ…โœ… DONE
Trade active:
IF FED, DURING FOMC, hikes the interest, then DXY will form a new high
Trade active:
Finally FED, during FOMC, hiked the interest rate by 75 BPS
and as I said, the DXY is going to make new high beyond 115.00



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